Family Finance: Mortgages. An Interest Only Mortgage: It Could Cost You More
August 10th, 2006 | POSTED BY ROB
Over 200,000 homebuyers in London during 2005 took out an interest-only loan according to the Council of Mortgage Lenders (CML). None of whom had a repayment vehicle in place and of these, 60,900 were first-time buyers.
There are no figures available for the total number of homebuyers with interest-only [...]
